Jefferies Financial Group Reaffirms “Hold” Rating for InterContinental Hotels Group (LON:IHG)

Jefferies Financial Group reiterated their hold rating on shares of InterContinental Hotels Group (LON:IHG) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. They currently have a GBX 84 ($1.07) price objective on the stock.

IHG has been the subject of several other research reports. Berenberg Bank upped their target price on shares of InterContinental Hotels Group from GBX 6,000 ($76.26) to GBX 7,400 ($94.05) and gave the stock a hold rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. raised their target price on shares of InterContinental Hotels Group from GBX 5,400 ($68.63) to GBX 6,100 ($77.53) and gave the stock an underweight rating in a research report on Tuesday, February 27th. Finally, Citigroup reiterated a sell rating on shares of InterContinental Hotels Group in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of GBX 5,362.33 ($68.15).

InterContinental Hotels Group Price Performance

LON:IHG opened at GBX 7,902 ($100.43) on Tuesday. The firm has a market capitalization of £12.83 billion, a price-to-earnings ratio of 2,277.23, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97. The business has a fifty day moving average price of GBX 7,955.92 and a 200-day moving average price of GBX 7,464.50. InterContinental Hotels Group has a one year low of GBX 5,178 ($65.81) and a one year high of GBX 8,790 ($111.72).

InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.